Daily Morning Insights on the Market

<---day Forty--->

MARKET SUMMARY FOR MONDAY OCTOBER 11TH. 1999

DOW INDUSTRIAL: 10648.18 = -1.58

NASDAQ: 2915.95 = +29.38

S & P 500: 1335.21 = -0.81
MOST ACTIVE STOCKS & SECTORS Computer chip manufacturers, Oil drilling, Telecommunications, and some Internet stocks rallied. Strong gainers included: AT&T, Abbott Labs., Abercrombie & Fitch, Analog Devices, Cisco Systems, Compaq, CommTouch Software, Dell Computers, Ford, Global Marine, Glaxo Wellcome, Hi/fn inc., IBM, Intel, Lucent Technologies, MCI Worldcom, Mattel, Pfizer, Pride International, Puma Technology, Qualcomm, Stryker Corp., and Sun Microsystems.

MAIN REASONS FOR ACTIVITY

• OPEC "cheating" on quarters yet to be shown; Oil futures and drilling sector rose.
• Federal Reserve chair Alan Greenspan had nothing negative to say about the economy, financial markets, or interest rates at his American Bankers Association (ABA) speech.
• Telecommunications and Semiconductor issues attracted bargain hunters.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• After holiday (late) reaction to Greenspan's speech will be positive to the markets.
• Retail stores will gain as we head into the holiday season, especially those with a strong internet presence.
• Investment and Commercial Banks will do very well in this coming quarter.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• Do not count out oil related issues yet; This is going to be an interesting winter.

<--day Thirty Nine--->
MARKET SUMMARY FOR FRIDAY OCTOBER 8TH. 1999
DOW INDUSTRIAL: 10649.76 = +112.71

NASDAQ: 2886.57 = +25.87

S & P 500: 1335.45 = +17.45
MOST ACTIVE STOCKS & SECTORS
Technology, Telecommunications, and some Internet stocks rallied. Strong gainers included: AT&T, AOL, AMR, Amazon.com, Cisco Systems, Citigroup, Dell Computers, eStamps.com, Global Crossings, Intel, Johnson & Johnson, MCI Worldcom, Microsoft, Pfizer, Providian Financial, Qualcom, Qwest, Walmart, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Talk is that OPEC might raise output, prompting oil depended issues to rise.
• Job creation last month is not likely to put upward pressure on inflation.
• New FCC ruling will be beneficial to AT&T's acquisition of Mediaone cable; Good news to the whole telecommunications sector.
• Yahoo's better-than-expected returns is still a boom to Internet issues.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Xerox, Walmart, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• The jobless rate report will keep inflation fears down for now.
• Retail stores will gain as we head into the holiday season, especially those with a strong internet presence.
• Metals like gold and platinum will rise in prices before January.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• I do not think oil prices are going to come down that much; Prices might actually rise until march of next year.

<---day Thirty Eight--->

MARKET SUMMARY FOR THURSDAY OCTOBER 7TH. 1999

DOW INDUSTRIAL: 10537.05 = -51.29

NASDAQ: 2860.70 = +3.49

S & P 500: 1317.64 = -7.76
MOST ACTIVE STOCKS & SECTORS

Technology, Telecommunications, Retailers, and some Internet stocks rallied. Strong gainers included: AT&T, AHP, Amazon.com, Calico Commerce, Claire's Stores, Cytec Industries, Dell Computers, Diebold, Lucent Technologies, MCI Worldcom, Microsoft, PlanetRX.Com, Premier Parks, Southwest Air, Revlon, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Retail sells were better-than-expected in September.
• The dollar continues to be strong-a plus for the Technology sector.
• Yahoo's better-than-expected returns is a boom to Internet issues.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Xerox, Walmart, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• M2 Money supply rose in september; Good news: the dollar is still strong.
• Tomorrow's unemployment news will be favorable to the economy, at least for the Technology sector.
• Retail stores will be rewarded for their better-than-expected Third quarter.
• Metals like gold and platinum will rise in prices before January.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• Oil and related industries will resume a steep increase very soon.

<---day Thirty Seven--->

MARKET SUMMARY FOR WEDNESDAY OCTOBER 6TH. 1999

DOW INDUSTRIAL: 10588.34 = +187.75

NASDAQ: 2857.21 = +57.54

S & P 500: 1325.40 = +24.05
MOST ACTIVE STOCKS & SECTORS

Technology, Telecommunications, and Internet stocks rallied. Strong gainers included: AOL, AT&T, Amazon.com, Citigroup, Cisco Systems, CVS Pharmacy, ebay, GE, Intel, Lexmark International, Pepsico, Pfizer, MCI Worldcom, Microsoft, Qualcom, Safeway, Silicon Image, Smart Disk Corp., Sprint, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Telecommunications were strong due to MCI Worldcom and Sprint deal.
• Market reacting late to the federal reserve meeting of yesterday.
• AT&T to buy American Cellular with Dobson.
• Yahoo had better-than-expected returns and traffic, thereby benefiting also the established Internet issues.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• Gold and other metals are not finished rising yet.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• The rise in Oil and Energy prices will resume, benefiting oil related industries (including chemicals).

<---day Thirty Six--->

MARKET SUMMARY FOR TUESDAY OCTOBER 5TH. 1999

DOW INDUSTRIAL: 10400.59 = -0.64

NASDAQ: 2799.67 = +3.70

S & P 500: 1301.35 = -3.25
MOST ACTIVE STOCKS & SECTORS

Technology, Telecommunications, and Internet stocks rallied. Strong gainers included: AOL, AT&T, American Express, Applied Materials, Altigen Communications, Citigroup, Cisco Systems, Dell Computers, Cypress Semiconductor, Lucent Technologies, Micron Technology, Sun Microsystems, Walmart, Williams Communications, and Yahoo.

MAIN REASONS FOR ACTIVITY

• MCI Worldcom to buy Sprint.
• The federal reserve did not raise interest rates.
• Chip and Network equipment makers faired very well.
• The dollar continues to gain against the yen, and Gold prices rose higher too.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Union Carbide, Nortel Networks, EMC Corp., Pfizer, Merck & co., Asarco, Battle mtn. Gold, Newmont Mining, Placer Dome, Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• Gold and other metals prices will rally, and so will mining stocks.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• The rise in Oil and Energy prices will resume, benefiting oil related industries (including chemicals).

<---day Thirty Five--->

MARKET SUMMARY FOR MONDAY OCTOBER 4TH. 1999

DOW INDUSTRIAL: 10401.23 = +128.23

NASDAQ: 2795.97 = +59.12

S & P 500: 1304.60 = +21.79
MOST ACTIVE STOCKS & SECTORS

Technology, Telecommunications, and Internet stocks rallied. Strong gainers included: AOL, AT&T, Citgroup, Cisco Systems, Dell Computers, IBM, Lucent Technologies, MCI Worldcom, Microsoft, Newmont Mining, Oracle, Qwest, Sprint, Sun Microsystems, Walmart, and Williams Communications.

MAIN REASONS FOR ACTIVITY

• Takeover wars favoring Sprint and MCI.
• Most Analysts and investors are convinced the feds will not raise interest rates.
• A number of acquisitions were announced today, and that kept the market upbeat.
• The dollar and Gold prices rose.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Gemstar, Netsolve, MCI Worldcom, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Union Carbide, Nortel Networks, EMC Corp., Pfizer, Merck & co., Asarco, Battle mtn. Gold, Newmont Mining, Placer Dome, Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• If feds don't raise interest rates, Technology, Telecommunications, and Internets will rally because of bargain hunters.
• Clear Channel is to buy AM-FM, a radio stations holding company-a plus for Clear Channel.
• TV Guide is to acquire Gemstar, a win-win situation.
• Gold and other metals prices will rally, and so will mining stocks.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• The rise in Oil and Energy prices will resume, benefiting oil related industries (including chemicals).

<---day Thirty Four--->

MARKET SUMMARY FOR FRIDAY OCTOBER 1ST. 1999

DOW INDUSTRIAL: 10273.00 = -63.95

NASDAQ: 2736.85 = -9.31

S & P 500: 1282.81 = +0.10
MOST ACTIVE STOCKS & SECTORS

Technology, Some Manufacturing and Internet issues rallied. Strong gainers included: AOL, Amsouth Bancorp, Applied Materials, Cisco Systems, Dell Computers, Digital Insight, Dupont, At Home, Gillette, Micron Technology, Pfizer, Sprint, Walmart, and Williams Communications.

MAIN REASONS FOR ACTIVITY

• Takeover wars propelled Sprint.
• Internet and Networking related issues continue to do well because they are a bargain.
• Blue chip stocks like Pfizer and Dupont are always viewed safe by investors in times of uncertainty.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcomm, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Bell South, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Nortel Networks, EMC Corp., Pfizer, Merck & co., Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• When in doubt, investors go with Blue Chip Technology and Manufacturing issues.
• Investors will bargain hunt in Technology and Internets in anticipation of Tuesday's Federal Reserve meeting.
• Up coming Internet and networking IPOs will hopefully "force" one more rally before the Federal Reserve's Tuesday meeting.
• The rise in Oil and Energy related issues is not over yet.

<---day Thirty Three--->

MARKET SUMMARY FOR THURSDAY SEPTEMBER 30TH. 1999

DOW INDUSTRIAL: 10336.95 = +123.47

NASDAQ: 2746.16 = +15.89

S & P 500: 1282.71 = +14.34
MOST ACTIVE STOCKS & SECTORS

Technology and Internet issues rallied. Strong gainers included: AXA, Acme Communications, Citgroup, Cisco Systems, Compaq Computer, Cypress Amax., ebay, GE, Guidant, Gillette, Lucent Technologies, Microsoft, Qualcomm, Sun Microsystems, Radware Ltd., TiVo, Warner Lambert, and Yahoo.

MAIN REASONS FOR ACTIVITY

• The dollar and Bond prices continue to rise.
• GDP rose a lower-than-expected 1.6% for the second quarter.
• New Homes purchase rose 2.9% in August. Although the economy is slowing, it still has some steam.
• The M2 Money supply rose for the week ending September 20th.
• Internet and Networking IPOs had a tremendous day.
• More earning warnings. This time, OfficeMax.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, hhhvCovad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcomm, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Hambrecht & Quist, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tyco, Tektronix, E.I. Dupont, Nortel Networks, EMC Corp., Pfizer, Merck & co., Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• More Analysts are convinced the feds WILL NOT raise rates on Tuesday.
• Gold and other metals like platnium are hot. Expect them to pick up.
• Investors will bargain hunt in Technology and Internets in anticipation of Tuesday's Federal Reserve meeting.
• Up coming Internet and networking IPOs will keep the rest of the week upbeat.
• The rise in Oil and Energy related issues is not over yet.

<---day Thirty Two--->

MARKET SUMMARY FOR WEDNESDAY SEPTEMBER 29TH. 1999

DOW INDUSTRIAL: 10213.48 = -62.05

NASDAQ: 2730.27 = -25.98

S & P 500: 1268.37 = -13.83
MOST ACTIVE STOCKS & SECTORS

Gold Mining, Energy and some Internet issues rallied. Strong gainers included: Amazon.com, Conoco, Exxon, Halliburton, Jones Apparel, Tyson foods, CSK Auto Corp, Southwest Securities, At Home, interNAP, eToys, CMGI, and Netsolve.

MAIN REASONS FOR ACTIVITY

• The rise in durable goods prices have analyst worried about tuesday's FOMB meeting.
• Bond prices took a hit from analysts' "double jeopardy".
• CSK Auto Corp will be official car parts dealer for Microsoft's Carpoint.
• The "Gold Rush" continued today.
• Amazon.Com launched a new subsidiary called Zshops.
• Internet and Networking IPOs had tremendous gains-again-on their first day.
• More earning warnings. This time, Avon.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, hhhvCovad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcomm, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Hambrecht & Quist, Lucent Technologies (LU), Micron Technology, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tyco, Tektronix, E.I. Dupont, Nortel Networks, EMC Corp., Pfizer, Merck & co., Exxon, Conoco, Mobil, BP, Schlumberger, Chevron, Elf Aquantaine, P&G, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Gold and other metals like platnium are hot.
• Investors will bargain hunt in Technology and Internets in anticipation of Tuesday's Federal Reserve meeting.
• Investment banking powerhouses will perform very well as companies set themselves up for the online market and underwriting.
• Up coming Internet and networking IPOs will keep the rest of the week upbeat.
• The rise in Oil and Energy related issues is not over yet.

<---day Thirty One--->

MARKET SUMMARY FOR TUESDAY SEPTEMBER 28TH. 1999

DOW INDUSTRIAL: 10275.53 = -27.86

NASDAQ: 2756.25 = -5.50

S & P 500: 1282.20 = -1.11
MOST ACTIVE STOCKS & SECTORS

Gold Mining, Technology and some Internet issues rallied. Strong gainers included: AOL, Battle mtn. Gold, AT&T, Citigroup, Placer Dome, Compaq, Newmont Min., Frontier, Rite Aid, Nortel Network, Hambrecht & Quist, Wells Fargo, Amazon.com, AirGate PCS, Microsoft, Cisco Systems, Foundry Network, ITXC Corp., Medscape, MCI Worldcomm, Global Crossings, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Hambrecht & Quist to be acquired by Chase.
• Gold and other metals continued yesterday's rally.
• Bargain hunting by investors, especially in large Internet holding companies and portals.
• Internet and Networking IPOs continue to more than double their issue prices in the first day of trading.
• PICKS FOR THE NEXT MARKET DAY
  
  NASDAQ:
  
  Technology, Telecommunications, and some Internets will gain. Companies like: Applied Materials, Cisco Systems, Excite, Microsoft, Novell, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, MCI Worldcomm, Intel, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.
  
  NYSE:
  
  Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, 3Com, GE, GTE, Sprint, Hewlett Packard, JP Morgan, Merrill Lynch, Morgan Stanley, Hambrecht & Quist, Lucent Technologies (LU), Micron Technology, Cabletron Systems, Texas Instruments, Gateway, Compaq, AT&T, IBM, Tyco, Tektronix, E.I. Dupont, Nortel Networks, EMC Corp., Pfizer, Merck & co., P&G, Xerox, and ZDNet will do well.
  
  REASONS BEHIND THE PICKS

Investors will bargain hunt in Technology and Internets in anticipation of Tuesday's Federal Reserve meeting.Investment banking powerhouses will perform very well as companies set themselves up for the online market and underwriting.Up coming Internet and networking IPOs will keep the rest of the week upbeat.The rise in Oil and Energy related issues is not over yet.